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Company X computes the overhead budgeted rates on the basis of direct labor hours. Company X presented the following information:
Direct
materials = $ 25000
Indirect
materials = $ 24439
Direct
labor = $30000
Salary
of production supervisor = $ 52000
Rent
on the factory =$ 18000
Sales
commissions = $ 15000
If Company X estimates to use 50000 machine hours and 20000 direct labor hours, what will be the overhead budgeted rate?